Subordination Agreement 1974-239560
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SUBO~DINAT(ON AGREEMENT /
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FOR VALUE RECEIVED" th~ under~igned, as Beneficiary under Deed of Trust
recorded in the Office of the County Recorder of San Diego County, October 15,
'1971, as File No" 239237 and as the owner and holder of the obligations thereby
secured does hereby, make subject and subordinate the liens thereof to the
within descri bed easement, granted ,by ATLANTIS DEVELopr~ENT COMPANY to the
POMERADO COUNTY WATER DISTRICT, it,be,i ng understooq and agreed that fbr:eclosure
of said Deed of Trust shall not aff~ct, defeat or render inyalid any ri~hts
ur\(),~r and by virtue of said' eas~ment, and said easement shall be paramount and'
;s~perior: to the r:ights o.fany purchaser Linder any foreclosure of said Deed of
Trus,t,
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Beneficiary declares and acknowledges that it hereby intentionally waives, ,/~
relinquishes and subordinates the priorities and superiorities of the ,1 ien and.'
charge of said Deed of Trust upon the land described therein i.n.favor of ~aid'
easemen't, and that it understan'ds that in reliance upon and in considerat1ion of
thi s waiver, ,re 1 i nquishment and subordinati on spec,ific 1110netary and other, obl i-
gations Ivill be entp.l"ed~intoby Thi,rd Parties which wou,ld not.be.made or entered
into but for said r"nariceand the executfon ,by Beneficiary of this..waive(';'" .
rel inquishment and subordination,/;..\,\\~I'.";'''''.';fi!' 1/ '.
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B'EiiEFICIARY:~~F{DEt'ITY:f'10RTGAGE .INVESTORS,'. ~'BY:, , J"" ., - ~ 'r'i?~_ _
a r:iassachusetts business trt.(st t,:..:'~t:l"',i';'?,,:~~'.~ 'I -' ~",:~':r..w/(:'
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DATED:
~,2~ /773
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: ".:'N()'H::HARGE.,ON THI'S DOC:UMENT
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t"FOR THE' BENEFIT OF",,' ·
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64-,,'239560
I'ILE/PAGENO .,' .. ....-,....
BOOK 1974 ii,
RECORDED' REClUESTOF
SAFKO .Ti"e~lnsuia"Ce Company
/SEP 48:00 \M'74
OFfiCIAL RECORDS
SAN DIEGO COUNTY, 'CAUF,
HARLEY F. BLOOM
RECORDER
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,NO FEE
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StktE oF' CAJ:;}FORNIA I
COUNTY OF ORANGE I:
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I HEREBY CERTIFY thaton..tJ.:iis day before me
~er.s~nally appeared, --;} c..9a.&;. c:::;;h... ," ,not
mdlvldually, but as a Tr1.1stee of FIDELITY lVfORTGAGE
IN:vg;,STQRS! ,,,Na~,~a~hu.setfs business tr,ust, to,mepersonally
known, and he ackno',Vle'dged, before me that he' exe.ctited the fore-
goinginstrumen,t,notindividu~lly, but as Trustee of FIDELITY
1I40RTGAGE Il'lV.ES1'()RS, . for the uses andp~rjJoses; th~rein
mentioned, and' I further certify. that I know the said per son
. makin!,;, said. acknowledgement: to He the individual 'who exe'cuted
the' said in strtiment.
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, II\[ WITNESSWHER:EOF.' I
offici"J seal thi~ .' ~ ,?,{ , day'of
her,eunto set my hand and
"7 .u,., i973.
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. @l OFFICIAl SEAl ,. ~ ~
: .-, : ,: M~RIA LYNNE FAY: .'", . . "
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EXHIBIT "A"
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SAID EASEMENT OF RIGHT OF WAY IS PARTICULARLY DESCRIBED AS FOLLOWS:
THAT PORTION OF LOT 74, OF PACIFIC HOMES OF SAN DIEGO, UNIT NO.1, IN
THE COUNTY OF SAN DIEGO, STATE OF CALIFORNIA AS PER MAP NO. 7134,
FILED ON DECEMBER 8, 1971, IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY, BEING A STRIP OF LAND 20 FEET WIDE LYING 10 FEET ON EACH
SIDE OF THE FOLLOWING DESCRIBED CENTERLINE:
BEGINNING AT THE NORTHWESTERLY TERMINUS OF THE CENTERLINE (SHOWN AS
,NORTH 62,02.9'37" WEST 205.92 rECT) OF THE 20 FOOT WIDE, SEWER EASE-
MENT SHOWN ON SHEET 6 OF SAID MAP OF PACiFIC HOMES OF SAN DIEGO,
UNIT NO.1; THENCE ALONG THE PROLONGATION OF SAID CENTERLINE NORTH
62029'37" WEST 2.52 FEET; THENCE NORTH 28051'24" WEST 55.26 FEET
TO A POINT IN THE NORTHWESTERLY BOUNDARY lINE OF SAID LOT 74, SAID
POINT BEING SOUTH 15024'24" WEST 2.64 FEEt ALONG SAiD NORTHWESTERLY
BOUNDARY LINE FROM TilE SOttfjtW[S-rjORI;-Y-Sr-qH-l-N[-..Qf-WI+2! W~I.:'
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THE SIDELINES OF SAID EASEMENT SHALL BE PROLONGED OR SHORTENED TO
TERMINATE EASTERLY AT THE WESTERLY TERMINUS OF SAID EXISTING 20 FOOT
WIDE SEWER EASEMENT AND WESTERLY AT SAID NORTHWESTERLY BOUNDARY LINE
OF SA1D LOT 74 AND SAID SOUTHWESTERLY SIDELINE OF WILSEY WAY.
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AND 'RI<:C,O,RI?ED JUNE 4, 19c73 AS FILE NO':'73~ 151259, OF OFHCIAL, RECORDS,' COUNTY'RECORDER.
Sfu~ DIEGO COUNTY, STATE OF CALIFORNIA.
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